Latest Business News: Icahn Seeks to Allay Fears Over Lack of Financing for Dell Bid

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Latest Business News: Icahn Seeks to Allay Fears Over Lack of Financing for Dell Bid

Latest Business News: Icahn Seeks to Allay Fears Over Lack of Financing for Dell Bid
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Latest Business News: Icahn Seeks to Allay Fears Over Lack of Financing for Dell Bid

by Wochit 0:55 mins

Latest Business News: Icahn Seeks to Allay Fears Over Lack of Financing for Dell Bid

by Wochit 0:55 mins

Billionaire investor Carl Icahn told Dell Inc shareholders that an investment bank would help fund his offer for the PC maker as he sought to assuage concerns over his means to fund the bid. Carl Icahn stepped up his campaign to take control of Dell, proposing the company make a tender offer of 1.1 billion shares at $14 a share. The world's rich economies said they would take a tougher stance on fighting money laundering and tax evasion but promised little in the way of specific new action at the end of a two-day summit. A group of Eight leaders signed up for a list of aims including improving the transparency of who owns shell companies and deepening information-sharing between tax authorities.

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